Concordia adopts new severance policies

Concordia is hoping new policies on how to compensate senior administrators when fired represent a new beginning.

According to the Gazette, the seventeen recommendations were approved by the university’s twenty-five board members last Friday.

The biggest policy adopted is an annual formal review of the president’s job performance, the conclusions of which would be provided to the entire board.

The previous system according to a report by PricewaterhouseCoopers included secretive discussions over job performances and departures of senior staff. It also included poor public communications about settlements.

Board Chair Norman Hébert explained, that the new policies also guarantee the amounts for severance for the president as two years’ pay or the remainder of a standard five year contract whichever is less.

It also now forbids fired administrators from returning to a paid teaching position while still getting severance payments.

Flickr Photo by: Viola Ng